iShares Global Consumer Staples ETF (NYSEARCA:KXI) Short Interest Up 99.9% in August

iShares Global Consumer Staples ETF (NYSEARCA:KXI) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 310,822 shares, a growth of 99.9% from the July 30th total of 155,509 shares. Based on an average daily trading volume, of 110,709 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in iShares Global Consumer Staples ETF during the fourth quarter valued at approximately $2,491,000. Fisher Asset Management LLC increased its position in shares of iShares Global Consumer Staples ETF by 15.2% during the fourth quarter. Fisher Asset Management LLC now owns 6,032,649 shares of the company’s stock worth $390,011,000 after purchasing an additional 793,864 shares in the last quarter. Northstar Financial Companies Inc. raised its stake in iShares Global Consumer Staples ETF by 63.2% in the first quarter. Northstar Financial Companies Inc. now owns 23,433 shares of the company’s stock valued at $1,570,000 after buying an additional 9,077 shares during the last quarter. Bank of America Corp DE boosted its holdings in iShares Global Consumer Staples ETF by 69.8% in the first quarter. Bank of America Corp DE now owns 99,039 shares of the company’s stock worth $6,637,000 after acquiring an additional 40,711 shares in the last quarter. Finally, M3 Wealth Management LLC acquired a new stake in iShares Global Consumer Staples ETF in the fourth quarter worth about $910,000.

iShares Global Consumer Staples ETF Trading Up 0.3%

Shares of iShares Global Consumer Staples ETF stock opened at $68.68 on Friday. The firm has a market cap of $1.06 billion, a P/E ratio of 23.27 and a beta of 0.48. iShares Global Consumer Staples ETF has a 12 month low of $63.15 and a 12 month high of $73.65. The stock’s fifty day moving average price is $68.73 and its 200-day moving average price is $68.79.

iShares Global Consumer Staples ETF Company Profile

iShares Global Consumer Staples ETF (the Fund), formerly The iShares S&P Global Consumer Staples Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the S&P Global 1200 Consumer Staples Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index. Components primarily include consumer discretionary, consumer goods and consumer staples companies. The Index includes manufacturers and distributors of food, producers of non-durable household goods, and food and drug retailing companies.